Ministry of Commerce and Industry allows annual 4 lakh MT quota of Urad for the year 2020-21

Mar 20, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Ministry of Commerce and Industry on March 17, 2020, has allowed annual 4 lakh MT quota of Urad for the year 2020-21 which will be effective from May 01, 2020 to March 31, 2021.

Therefore, Ministry of Commerce and Industry notifies the Import Policy of items of Chapter 7 of the Indian Trade Classification (Harmonized System), 2017, Schedule-1 (Import Policy), as under:

Exim Code

Item Description

Existing Policy

Revised Policy Condition

0713 31 10

Urad [Beans of the SPP Vigna Mungo (L.) Hepper]

Restricted

Import of Urad shall be subject to an annual (fiscal year) quota of 04 lakh MT.  Import of Urad under the Quota Restriction will be allowed only to the Millers / Refiners as per procedure to be notified by Directorate General of Foreign Trade:

Provided that this restriction shall not apply to Government’s import commitments under any Bilateral or Regional Agreement or Memorandum of Understanding.

 

0713 90 10

Split

0713 90 90

Other

[Notification No. S.O. 1122(E)]


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